Indian Market Outlook:
The Key benchmark indices rose over 5 percent over the week led by Positive global sentiment from the US election, strong inflows from foreign institutional investors, robust macro-economic data as well as stable Q2 numbers from Indian companies helped Nifty50 climb above 12200 levels with ease. Nifty ended the week 5.34 percent higher at 12263 points while Sensex ended 5.75 percent higher at 41893 points. BSE Midcap index ended 3.36 percent higher, while the BSE Small cap index rose 2.22 percent, during the course of the week. Among sectors, buying seen in the bank, energy, IT and metal sectors, while FMCG and Pharma remained under pressure. Foreign Institutional Investors were the net buyers during the week; bought equities worth Rs.13399 crore while the DIIs were the net sellers of Rs.6790 crore. Joe Biden has overtaken President Trump in Pennsylvania and in Georgia on the fourth day of the US election, telling supporters he is confident he will win the race. Going forward market seems to be quite happy about greater certainty about US policies in the coming days. However, it is a fact that the markets have moved up too fast in too short time, and this calls for focus on quality stocks and actively managed portfolios. The final outcome of the US election and the state of the pandemic are factors which are relevant to trade trajectory of the markets in the coming weeks. On Macro front Industrial Production (YoY) (Sep) and CPI (YoY) (Oct) is scheduled to release on November 12.
Trade AnyTime AnyWhere With Elite Empower Mobile App
Latest Spot Price (in US $)
| Precious Metal | Current Price | Change (%) | 3 Month | 6 Month | 1 Year | |||||
| Gold | 1,952.05 | 3.90 | -3.75 | 11.95 | 28.10 | |||||
| Silver | 25.70 | 8.39 | -6.68 | 43.02 | 43.42 | |||||
| Platinum | 896.80 | 5.87 | -8.61 | 3.86 | -3.81 | |||||
| USD/INR | 73.97 | -0.79 | -1.40 | -2.40 | 4.17 | |||||
| Crude | 37.46 | 4.72 | -9.12 | 59.07 | -33.52 | |||||
Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App
Global Weekly Events
| Date | Region | Event Description | Forecast | Previous |
| Nov 09,2020 | CNY | Chinese Composite PMI | – | 54.5 |
| Nov 12,2020 | GBP | GDP (QoQ) (Q3) | 15.8% | -19.8% |
| Nov 12,2020 | INR | CPI (YoY) (Oct) | 7.28% | 7.34% |
| Nov 12,2020 | INR | Industrial Production (YoY) (Sep) | -2.7% | -8.0% |
| Nov 12,2020 | USD | Crude Oil Inventories | – | -7.998M |
| Nov 13,2020 | INR | WPI Inflation (YoY) | – | 1.32% |
Domestic Economy Indicators
| Heading | Indicators | Current | Previous |
| RBI Policy Rate | Policy Repo Rate | 4.00% | 4.00% |
| Reverse Repo Rate | 3.25% | 3.25% | |
| Bank Rate | 4.25% | 4.25% | |
| Reserve Ratio | CRR | 3% | 3% |
| SLR | 18.00% | 18.00% | |
| Inflation Rate | Wholesale Price Index | 1.32% | 0.16% |
| Consumer Price Index | 7.34% | 6.69% | |
| Trade Data | Export ($ Million) | 27580 | 22700 |
| Import($ Million) | 30310 | 29470 | |
| Industry | IIP | -8% | -10.4% |
| Domestic Indices | Closing(6th November) | Change | %Change |
| BSE Sensex | 41,893.06 | 2,278.99 | 5.75 |
| Nifty | 12,263.55 | 621.15 | 5.34 |
| Mid Cap | 15,404.76 | 500.14 | 3.36 |
| Small Cap | 15,218.01 | 329.93 | 2.22 |
| Bank Nifty | 26,798.95 | 2,898.05 | 12.13 |
| Global Indices | Closing(6th
November) |
Change | %Change |
| Dow Jones | 28,323.40 | 1,821.80 | 6.87 |
| Nasdaq | 11,895.23 | 983.64 | 9.01 |
| FTSE | 5,910.02 | 332.75 | 5.97 |
| Nikkei | 24,325.23 | 1,348.10 | 5.87 |
| Hang Seng | 25,712.97 | 1,605.55 | 6.66 |
| Shanghai Com | 3,312.16 | 87.63 | 2.72 |
| Net Inflow (Cr) | FII | DII |
| 02-Nov-2020 | 740.61 | -533.97 |
| 03-Nov-2020 | 2,274.40 | -1,100.92 |
| 04-Nov-2020 | 146.22 | -8.13 |
| 05-Nov-2020 | 5,368.31 | -2,208.18 |
| 06-Nov-2020 | 4,869.87 | -2,938.66 |
| Total | 13,399.41 | -6,789.86 |
| Top Gainers | Closing Price | Prev Close | Chg (%) |
| Indusind Bank | 738.65 | 585.70 | 26.11 |
| SBI | 219.20 | 189.25 | 15.83 |
| Bajaj Finance | 3780.75 | 3309.00 | 14.26 |
| Bajaj Finserv | 6286.45 | 5573.50 | 12.79 |
| ICICI Bank | 442.80 | 392.60 | 12.79 |
| Top Losers | Closing Price | Prev Close | Chg (%) |
| UPL | 442.40 | 453.20 | -6.81 |
| Bharti Infratel | 179.50 | 185.55 | -3.26 |
| Reliance Ind. | 2029.15 | 2054.50 | -1.23 |
| Vedanta | 94.75 | 95.75 | -1.04 |
| Maruti Suzuki | 6907.60 | 6965.15 | -0.83 |
Get Stock Market Recommendation By Our Research Analysts
Economic News:
-
The Reserve Bank on Thursday came out with a Co-Lending Model scheme under which banks can provide loans along with NBFCs to priority sector borrowers based on a prior agreement. The CLM, which is an improvement over the co-origination of loan scheme announced by the RBI in September 2018, seeks to provide greater flexibility to the lending institutions, the Reserve Bank of India said in a release. Under the CLM, banks will be permitted to co-lend with all registered NBFCs (including HFCs) based on a prior agreement, RBI said, adding that “the co-lending banks will take their share of the individual loans on a back-to-back basis in their books”.
-
High-frequency economic data improved in October, with several indicators now at or above pre-pandemic levels. Economists point to pent-up demand, a festive boost and lower new Covid-19 infections as reasons behind the spurt in the activity. Strong gains in the manufacturing and services PMI, GST collections and core industries are likely to have been led by a combination of festive and pent-up demand, despite fiscal expenditure being rather subdued through the pandemic, HSBC’s chief India economist Pranjul Bhandari said.
Industry News:
-
Bank credit grew by 5.06 per cent to Rs 103.39 lakh crore, while deposits rose by 10.12 per cent to Rs 142.92 lakh crore in the fortnight ended October 23, according to the RBI data. In the fortnight ended October 25, 2019, bank credit had stood at Rs 98.40 lakh crore, and the deposit was Rs 129.78 lakh crore. In the previous fortnight ended October 9, 2020, bank credit had risen by 5.66 per cent and deposits by 10.55 per cent. Non-food bank credit growth decelerated to 5.8 per cent in September 2020 from 8.1 per cent in the same month previous year, according to the data.
- Domestic air travel demand continued on an upward trajectory in October, according to ICRA Ltd. The Indian aviation industry witnessed continued recovery in domestic passenger traffic in October with a sequential growth (over September) of around 33% to around 52 lakh passengers, ICRA said in a release on Friday.
Company News:
-
Zydus Cadila is expected to test its Covid vaccine candidate, ZyCoV-D, on about 30,000 people in the Phase-3 trials that it plans to start next month. The Ahmedabad-based company has completed dosing of Phase-2 on 1,000 participants and plans to submit data to India’s drug regulator this month. Preliminary results show that it is safe as no safety concerns have been observed so far, people in the know said.
-
ITC Ltd.’s quarterly profit fell led by lower sales of cigarettes. Net profit of the maker of Gold Flake cigarettes declined 20% year-on-year to Rs 3,232 crore in the quarter ended September, according to an exchange filing. That compares with the Rs 3,237-crore consensus estimate of analysts tracked by Bloomberg. Revenue rose 1% year-on-year to Rs 11,977 crore. Analysts had pegged the metric at Rs 11,133 crore. Operating profit stood at Rs 4,061 crore, down 11% from last year, while margin stood at 33.9% compared to 38.4% a year ago.
-
Cipla Ltd.’s quarterly profit rose as the drugmaker’s operating expenses fell and sales in the domestic market improved. Net profit rose 41% year-on-year to Rs 665 crore in the quarter ended September, according to an exchange filing. That compares with the Rs 585-crore consensus estimate of analysts tracked by Bloomberg. Revenue increased 14.6% over the last year to Rs 5,038 crore, against the Rs 4,670-crore forecast. Cipla’s India sales rose 17% year-on-year, with growth across prescription, trade generics and consumer health business.
Global News:
-
Democratic nominee Joe Biden overtook President Donald Trump in Pennsylvania, a state that offers all the Electoral College votes Biden would need to win. But the race remained in doubt as Trump and his supporters lodged unsupported charges of voter fraud there and in other states.
-
Chinese exports expanded faster than expected in October, providing support for the recovering economy and driving increasing demand for imports, which rose for a second straight month. Exports increased 11.4% in dollar terms in October from a year earlier, while imports gained 4.7%, the customs administration said Saturday.
(Source:Bloomberg Quint, Economic Times, BusinessToday, Business Standard, Financial Express,Investing, Moneycontrol, livemint)
Open Your Demat Account to Invest in Upcoming IPO’s
Forthcoming Corporate Actions
| Security Name | Ex-Date | Purpose | Security Name | Ex-Date | Purpose |
| ASIANTILES | 9-Nov-20 | Dividend – Rs. – 0.70 | AJANTPHARM | 12-Nov-20 | Buy Back of Shares |
| EMBASSY | 9-Nov-20 | Income Distribution RITES | ASTRAL | 12-Nov-20 | Interim Dividend – Rs. – 1.00 |
| INDIGRID | 9-Nov-20 | Income Distribution (InvIT) | BALKRISIND | 12-Nov-20 | Interim Dividend – Rs. – 4.00 |
| KHAICHEM | 9-Nov-20 | Interim Dividend – Rs. – 0.10 | BSOFT | 12-Nov-20 | Interim Dividend – Rs. – 1.00 |
| MASTEK | 9-Nov-20 | Interim Dividend – Rs. – 5.50 | CHAMBLFERT | 12-Nov-20 | Interim Dividend – Rs. – 3.00 |
| SHARDACROP | 9-Nov-20 | Interim Dividend – Rs. – 2.00 | EMAMILTD | 12-Nov-20 | Interim Dividend – Rs. – 4.00 |
| SRTRANSFIN | 9-Nov-20 | Interim Dividend – Rs. – 6.00 | GEOJITFSL | 12-Nov-20 | Interim Dividend – Rs. – 1.50 |
| DEEPENR | 10-Nov-20 | Spin Off | KANSAINER | 12-Nov-20 | Interim Dividend – Rs. – 1.2500 |
| GOPALA | 10-Nov-20 | Reduction of Capital | MJCO | 12-Nov-20 | Buy Back of Shares |
| LAURUSLABS | 10-Nov-20 | Interim Dividend – Rs. – 0.80 | NACLIND | 12-Nov-20 | Interim Dividend – Rs. – 0.10 |
| NAVINFLUOR | 10-Nov-20 | Interim Dividend – Rs. – 5.00 | NTPC | 12-Nov-20 | Buy Back of Shares |
| NEULANDLAB | 10-Nov-20 | Interim Dividend – Rs. – 2.00 | PREMCO | 12-Nov-20 | Interim Dividend – Rs. – 2.00 |
| ORIENTCQ | 10-Nov-20 | Interim Dividend – Rs. – 4.00 | SUNDRMFAST | 12-Nov-20 | Interim Dividend – Rs. – 1.30 |
| RAIN | 10-Nov-20 | Interim Dividend – Rs. – 1.00 | THYROCARE | 12-Nov-20 | Interim Dividend – Rs. – 10.00 |
| REGENCY | 10-Nov-20 | Bonus issue 1:1 | IPCALAB | 13-Nov-20 | Interim Dividend |
| BUTTERFLY | 11-Nov-20 | Interim Dividend – Rs. – 1.50 | PGHH | 13-Nov-20 | Final Dividend – Rs. – 105.00 |
| DABUR | 11-Nov-20 | Interim Dividend – Rs. – 1.7500 | PRINCEPIPE | 13-Nov-20 | Interim Dividend – Rs. – 1.50 |
| SHRIRAMCIT | 11-Nov-20 | Interim Dividend – Rs. – 10.00 | RECLTD | 13-Nov-20 | Interim Dividend – Rs. – 6.00 |
| AJANTPHARM | 12-Nov-20 | Interim Dividend – Rs. – 9.50 |
Source:BSE, Elite wealth Research
Upcoming Board Meetings
| Symbol | Purpose | BM Date | Symbol | Purpose | BM Date |
| BALAJITELE | Quarterly Results | 9-Nov-20 | TCIIND | Quarterly Results | 10-Nov-20 |
| DELTACORP | Quarterly Results | 9-Nov-20 | TTKPRESTIG | Interim Dividend;Quarterly Results | 10-Nov-20 |
| EIDPARRY | Quarterly Results | 9-Nov-20 | VMART | Quarterly Results | 10-Nov-20 |
| EQUITASBNK | Quarterly Results | 9-Nov-20 | WIMPLAST | Quarterly Results | 10-Nov-20 |
| FLFL | Quarterly Results | 9-Nov-20 | 20MICRONS | Quarterly Results | 11-Nov-20 |
| INDIAMART | Audited Results | 9-Nov-20 | ASIANENE | Quarterly Results | 11-Nov-20 |
| INSECTICID | Interim Dividend;Quarterly Results | 9-Nov-20 | ASIANTILES | Quarterly Results | 11-Nov-20 |
| ISGEC | Quarterly Results | 9-Nov-20 | AUROPHARMA | Interim Dividend;Quarterly Results | 11-Nov-20 |
| JINDALSAW | Quarterly Results | 9-Nov-20 | BALPHARMA | Quarterly Results | 11-Nov-20 |
| JKCEMENT | Quarterly Results | 9-Nov-20 | BANSTEA | Quarterly Results | 11-Nov-20 |
| L&TFH | General | 9-Nov-20 | BCPL | Half Yearly Results;General | 11-Nov-20 |
| MOREPENLAB | Quarterly Results | 9-Nov-20 | BHAGYNAGAR | Quarterly Results | 11-Nov-20 |
| MSTC | Quarterly Results | 9-Nov-20 | BHARATFORG | Quarterly Results | 11-Nov-20 |
| NCLIND | Quarterly Results | 9-Nov-20 | BRIGADE | Quarterly Results | 11-Nov-20 |
| NOCIL | Quarterly Results | 9-Nov-20 | DHARSUGAR | Quarterly Results | 11-Nov-20 |
| OIL | Quarterly Results | 9-Nov-20 | EMMBI | Quarterly Results | 11-Nov-20 |
| OIVL | Quarterly Results | 9-Nov-20 | GALAXYSURF | Quarterly Results | 11-Nov-20 |
| PARAGMILK | Quarterly Results | 9-Nov-20 | GAMMNINFRA | Quarterly Results | 11-Nov-20 |
| PCJEWELLER | Quarterly Results | 9-Nov-20 | GODREJIND | General;Quarterly Results | 11-Nov-20 |
| POLYPLEX | Interim Dividend;Quarterly Results | 9-Nov-20 | HONDAPOWER | Quarterly Results | 11-Nov-20 |
| PSPPROJECT | General;Quarterly Results | 9-Nov-20 | IFCI | Quarterly Results | 11-Nov-20 |
| PTC | Quarterly Results | 9-Nov-20 | IGARASHI | Quarterly Results | 11-Nov-20 |
| RENUKA | Quarterly Results | 9-Nov-20 | IGL | Quarterly Results | 11-Nov-20 |
| TRANSPEK | Quarterly Results | 9-Nov-20 | IL&FSENGG | Quarterly Results | 11-Nov-20 |
| TRIVENI | Quarterly Results | 9-Nov-20 | INDOWIND | Quarterly Results | 11-Nov-20 |
| UNIVCABLES | Quarterly Results | 9-Nov-20 | IRCON | Quarterly Results | 11-Nov-20 |
| ZUARI | Quarterly Results | 9-Nov-20 | ITI | Quarterly Results | 11-Nov-20 |
| AARTIIND | Interim Dividend;Quarterly Results | 10-Nov-20 | LINDEINDIA | Quarterly Results | 11-Nov-20 |
| ASTRON | Quarterly Results | 10-Nov-20 | MAGADHSUGAR | Results;Voluntary Delisting of Shares | 11-Nov-20 |
| AVADHSUGAR | Results;Delisting of Shares | 10-Nov-20 | MIDHANI | Quarterly Results | 11-Nov-20 |
| BATAINDIA | Quarterly Results | 10-Nov-20 | MMTC | Quarterly Results | 11-Nov-20 |
| BIRLACABLE | Quarterly Results | 10-Nov-20 | MTNL | Quarterly Results | 11-Nov-20 |
| BODALCHEM | Quarterly Results | 10-Nov-20 | NATIONALUM | Quarterly Results | 11-Nov-20 |
| CENTURYPLY | General;Quarterly Results | 10-Nov-20 | NBCC | Quarterly Results | 11-Nov-20 |
| CERA | Quarterly Results | 10-Nov-20 | NFL | Quarterly Results | 11-Nov-20 |
| CHALET | Quarterly Results | 10-Nov-20 | NHPC | Quarterly Results | 11-Nov-20 |
| COSMOFILMS | Quarterly Results | 10-Nov-20 | NIACL | General;Quarterly Results | 11-Nov-20 |
| DHARAMSI | Quarterly Results | 10-Nov-20 | NICCOPAR | Quarterly Results | 11-Nov-20 |
| DYNAMATECH | Quarterly Results | 10-Nov-20 | ORGCOAT | Quarterly Results | 11-Nov-20 |
| DYNAMICP | Quarterly Results | 10-Nov-20 | ORIENTLTD | Quarterly Results | 11-Nov-20 |
| ENDURANCE | Quarterly Results | 10-Nov-20 | ORIENTPPR | General;Quarterly Results | 11-Nov-20 |
| EXIDEIND | Quarterly Results | 10-Nov-20 | PANACEABIO | Quarterly Results | 11-Nov-20 |
| FCONSUMER | Quarterly Results | 10-Nov-20 | PRESTIGE | Quarterly Results | 11-Nov-20 |
| GAIL | General;Quarterly Results | 10-Nov-20 | RELIGARE | Quarterly Results | 11-Nov-20 |
| GILLETTE | Quarterly Results | 10-Nov-20 | RELINFRA | Quarterly Results | 11-Nov-20 |
| GRAVITA | Quarterly Results | 10-Nov-20 | RUPA | Quarterly Results | 11-Nov-20 |
| GRAVITY | Quarterly Results | 10-Nov-20 | SHREECEM | Quarterly Results | 11-Nov-20 |
| GREENPOWER | Quarterly Results | 10-Nov-20 | SPICEJET | Quarterly Results | 11-Nov-20 |
| GUJALKALI | Quarterly Results | 10-Nov-20 | STARCEMENT | Quarterly Results | 11-Nov-20 |
| HIL | Quarterly Results | 10-Nov-20 | TCPLPACK | Quarterly Results | 11-Nov-20 |
| HINDALCO | Quarterly Results | 10-Nov-20 | UJJIVAN | Quarterly Results | 11-Nov-20 |
| HINDCOPPER | Quarterly Results | 10-Nov-20 | WABAG | Quarterly Results | 11-Nov-20 |
| HINDMOTORS | Quarterly Results | 10-Nov-20 | WEIZMANIND | Quarterly Results | 11-Nov-20 |
| IDFC | Quarterly Results | 10-Nov-20 | ANDHRACEMT | Quarterly Results | 12-Nov-20 |
| IONEXCHANG | Quarterly Results | 10-Nov-20 | BAJAJHIND | Quarterly Results | 12-Nov-20 |
| ITDCEM | Quarterly Results | 10-Nov-20 | BPLPHARMA | Quarterly Results | 12-Nov-20 |
| KIRIINDUS | Quarterly Results | 10-Nov-20 | EICHERMOT | Quarterly Results | 12-Nov-20 |
| M&M | Quarterly Results | 10-Nov-20 | ENGINERSIN | Quarterly Results | 12-Nov-20 |
| MOTHERSUMI | Quarterly Results | 10-Nov-20 | GRASIM | Quarterly Results | 12-Nov-20 |
| NAUKRI | Quarterly Results | 10-Nov-20 | INFIBEAM | Quarterly Results | 12-Nov-20 |
| NCC | Quarterly Results | 10-Nov-20 | IRB | Quarterly Results | 12-Nov-20 |
| NDTV | Quarterly Results | 10-Nov-20 | IRCTC | Quarterly Results | 12-Nov-20 |
| NMDC | Buy Back ;Quarterly Results | 10-Nov-20 | JINDALPOLY | Quarterly Results | 12-Nov-20 |
| PANCHSHEEL | Quarterly Results | 10-Nov-20 | KOHINOOR | Quarterly Results | 12-Nov-20 |
| PGHH | Quarterly Results | 10-Nov-20 | KOVAI | Quarterly Results | 12-Nov-20 |
| PNBGILTS | Interim Dividend;Quarterly Results | 10-Nov-20 | NATCOPHARM | Interim Dividend;Quarterly Results | 12-Nov-20 |
| RAYMOND | Quarterly Results | 10-Nov-20 | NDTV | Quarterly Results | 12-Nov-20 |
| RCF | Quarterly Results | 10-Nov-20 | PAGEIND | Quarterly Results | 12-Nov-20 |
| RESONANCE | Quarterly Results | 10-Nov-20 | SCHNEIDER | General;Quarterly Results | 12-Nov-20 |
| RITES | Quarterly Results | 10-Nov-20 | TIMKEN | Quarterly Results | 12-Nov-20 |
| RUCHISOYA | Quarterly Results | 10-Nov-20 | UFO | Quarterly Results | 12-Nov-20 |
| SHREDIGCEM | Quarterly Results | 10-Nov-20 | WATERBASE | Quarterly Results | 12-Nov-20 |
| STCINDIA | Results;Voluntary Delisting Shares | 10-Nov-20 | EQUITAS | Quarterly Results | 13-Nov-20 |
| SUZLON | Quarterly Results | 10-Nov-20 | EVEREADY | Quarterly Results | 13-Nov-20 |
| SYMPHONY | General;Quarterly Results | 10-Nov-20 | FRETAIL | Quarterly Results | 13-Nov-20 |
| TATAPOWER | General;Quarterly Results | 10-Nov-20 | HAL | Quarterly Results | 13-Nov-20 |
Source: BSE, Elite wealth Research
Major Economy Indicators
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more
For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan